|Composition||Outer: Nickel-brass (76% copper, 4% nickel, 20% zinc)
Inner: Cupro-nickel (75% copper, 25% nickel)
|Obverse Designers||Ian Rank-Broadley FRBS|
|Reverse Designer||John Bergdahl|
|Edge Inscription||FOUNDATION OF LIBERTY|
Drawn up over 800 years ago, the Magna Carta was a catalyst for a journey towards freedom for the ordinary man, in the United Kingdom and across the world. We marked this historic moment with a coin struck in celebration of the Magna Carta – the charter of freedoms.
The first base metal £2 coin was issued in the United Kingdom in 1986 to commemorate the Thirteenth Commonwealth Games which was held in Scotland. Commemorative £2 coins continued to be issued in single colour nickel-brass for special occasions. After a review of the United Kingdom’s coinage in 1994, it emerged that there was a requirement for a circulating £2 coin. A consultation process took place with the vending machine industry, members of the public and special interest groups such as the RNIB and Age Concern. The consensus of opinion from the consultation favoured a bicolour coin because it would be easily distinguishable from the other coins in circulation. The bimetallic £2 coin was launched on 15 June 1998 and millions were released into circulation.